HS2 project estimated cost of £80bn

A new high speed rail network, HS2, that is planned to cut through Oxford and Buckinghamshire is said to cost nearly £80bn. The cost of the project is nearly double its estimation and thinktank has called for the transport link to be scrapped altogether.

However, the chief executive of High Speed 2, Alison Munro, has dismissed the claim that the rail project will cost £80 billion and called its figures 'absurd'.